Brigade Hotel Ventures Q3 Profit Soars to Rs 21.72 Crore, Driven by Revenue Growth

• Brigade Hotel Ventures Ltd. (BHVL) reported a consolidated net profit of Rs 21.72 crore for Q3 ended December.
• This marks a significant increase from Rs 9.62 crore in the same period last year.
• Revenue from operations rose to Rs 138.76 crore, up from Rs 124.35 crore year-on-year.
• Total expenses also saw a slight increase to Rs 114.06 crore.
• Managing Director Nirupa Shankar anticipates future growth from existing hotels, F&B additions, and new hotel ramp-ups.

Why It Matters: Brigade Hotel Ventures achieved substantial Q3 profit growth, driven by increased revenue and strategic expansion.